Adobe stock falls after earnings and revenue beat consensus estimates
Adobe Inc. shares fell than 1% in the extended session Thursday after the software company beat Wall Street estimates for earnings and revenue. The company reported fiscal first-quarter net income of $674.2 million, or $1.36 a share, compared with $492.1 million, or $1.17 a share, in the year-ago period. Adjusted for stock-based compensation, investment losses and tax adjustments, among other things, earnings were $1.71 a share, compared with $1.55 a share in the year-ago period. Revenue rose... Читать дальше...